Has Basel II backfired?

[Joelle]

Has Basel II backfired?
      

Basel, one of Switzerland’s largest cities,Ã,  is knownÃ, as the home toÃ, such drugmakersÃ, asÃ, Novartis AGÃ, and Roche Holding AG, earning the old Swiss canton the unofficial moniker ofÃ, ”biotech Silicon Valley.”
Increasingly the metropolis is also known as the birthplace of international capital adequacy banking accords — Basel I and Basel II.
The banking rules were devised as a one-size-fits-allÃ, capital adequacyÃ, standard [...]
         

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